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Updated about 5 years ago,

User Stats

23
Posts
13
Votes
Maya Patterson
  • Rental Property Investor
  • Fort Lauderdale, FL
13
Votes |
23
Posts

Foreclosure/ pre-for kosher project

Maya Patterson
  • Rental Property Investor
  • Fort Lauderdale, FL
Posted

Hello!

Recently one of my coworkers asked if anyone could help him Short Sale his grandmothers house. After looking up some numbers it doesn't seem the house needs to be short sold because the market value is higher than what she owes the bank. The house was put up for action Jan 21 and was sold to a third party site where I can bid. If I'm looking to purchase the house, who has ownership of the sale the third party or the original owner and how would I find that out? Also there's an HOA lien on the house so I need an estoppel letter to determine how much is owed. Do I contact the HOA, homeowner, or third party for this information? And must I bid on the house if it was sold to a third party auction.